You Can Do Better... Yes, YOU!
Pros
It was close to the subway.
Cons
Because it's at a 3-way intersection, there is incessant horn-honking, car accidents, etc. They don't do things to improve the building or tenant life. They simply collect rent. Bedbugs have been a frequent issue in this building. People leave their trash in the hallways, neighbors steal packages, scammers come door to door for various reasons, people vomit in corners, the intercom is no longer functional... I could go on and on, but if you are looking for a place to stay, YOU CAN DO BETTER THAN THIS.
Advice to the owners
Don't just collect rent. There are MYRIADS of ways that you can improve tenant life without feeling as if you have to pay for it out of your pocket. You claim that the market justifies the rent increase, but they add no value along with those increases. The only way you will improve anything is unless it is mandated by law or you want to stay out of trouble. AKA, the BARE MINIMUM.
/-73.948609,40.651975,14/640x640@2x?access_token=pk.eyJ1Ijoib3BlbmlnbG9vIiwiYSI6ImNsYjNmMjVwdzBjeHgzd21wYmJmZDB0eGYifQ.XZvZCOh51yXuDBE-I3Bg0A)
/-73.948341,40.65199,14/640x640@2x?access_token=pk.eyJ1Ijoib3BlbmlnbG9vIiwiYSI6ImNsYjNmMjVwdzBjeHgzd21wYmJmZDB0eGYifQ.XZvZCOh51yXuDBE-I3Bg0A)